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Tag: TATA-SIA Airlines

Indian Aviation Allows Tata And Jet Airways To Generate FDI

[New Delhi] Indian Aviation Allows Tata And Jet To Generate FDI
The Government has permitted different limits of Foreign Direct Investment for different services in aviation sector.
The following Airlines have been granted permission by Foreign Investment Promotion Board (FIPB) to have joint Venture with foreign Airlines:-
[1]Jet Airways[Domestic]+Etihad Airways (foreign airline).
[2] Air Asia (India) Pvt. Ltd is joint venture of three Companies i.e. [1]TATA Sons Ltd[2]Air Asia Berhad (foreign Airline) and [3]Telestra Tradeplace Pvt. Ltd.
[3] TATA-SIA Airlines Ltd is joint venture of TATA Sons and Singapore Airlines (foreign airlines).
The above three Airlines are operational at present.
. This information was given by Minister of State for Civil Aviation, Dr. Mahesh Sharma in a written reply to a question in the Lok Sabha